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The US credit card business – Credit CARD Act 2009

February 22, 2010 Carsten Lexa Leave a comment

By: Carsten Lexa On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card debt. On November 3rd, 2009, I wrote in a the second article about a Goverment proposal regarding new legislation for

ADR, Banking, Contracts, debt, Ethics, Finance, Legislative Process

The US credit card business – reloaded

November 3, 2009 Carsten Lexa Leave a comment

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card dept. Now, a new Goverment proposal tries to help customers to reduce their credit card

Banking, debt, Economy, Ethics, Finance, Legislative Process, Regulation